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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Strip malls
3108 Germantown Rd Bartlett, TN 38133-4054
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1605910
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
11,570 SF
Lot
1.11 ac (48,352 SF)
Zoning code
C-H
APN
B01-58 - - -00405
UPID
US80-1605910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$1.20M
Owner & transaction history
Jp Investemnts Gp · 2 yrs held
Jp Investemnts Gp
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C-H · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+94.9%
Office building
$1.4M
+62.5%
Auto repair, garage
$1.1M
+32.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Current use
MEDICAL BUILDING
$1,655,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$1,380,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,120,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Apr 8 2024)
Last sale anchor
$1.20M
Apr 8 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,136
Tax year 2022
Assessed value
$446,480
Assessed 2023
Previous assessed
$446,480
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$174,080
Assessed improvement
$272,400
Land market value
$435,200
Improvement market value
$681,000
Total market value
$1,116,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
11,570 SF
Lot
1.11 ac (48,352 SF)
Zoning code
C-H
APN
B01-58 - - -00405
UPID
US80-1605910
Jurisdiction
SHELBY
Zoning & alternative use
C-H · Bartlett, TN
Zoning C-H · permitted uses
C-H · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$850,000
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
RETAIL STORES
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Jp Investemnts Gp
Individual
Mailing address
2966 ELMORE PARK RD UNIT #341637, MEMPHIS, TN 38184-0256
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
$1,200,000
Jp Investemnts Gp
Matthew T Ephlin
Special Warranty Deed
$919,747 · First Citizens National Bank
Apr 25, 2023
—
Matthew Ephlin
—
Deed
related
$895,000 · Pinnacle Bank
Jan 4, 2023
—
Matthew T Ephlin
Matthew T Ephlin
Intrafamily Transfer
related
—
May 6, 2022
$895,000
Matthew Ephlin
Shun S Wang
Warranty Deed
—
Nov 9, 2000
—
Shun S Wang
—
Grant Deed
related
$300,000 · Bank Of Bartlett
Jan 18, 2000
$382,067
Shun S Wang
Gibbs,george
Grant Deed
—
—
—
Shun S Wang
—
Deed Of Trust
related
$450,000 · Bancorp South Bank
—
—
Shun S Wang
—
Deed Of Trust
related
$350,000 · Bancorp South Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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